Domus Realty

Real Estate in Halifax / Dartmouth and Surrounding Areas! MLS®

Sandra Chaisson FRI

 All listing are MLS® unless noted.

Main Photo: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
201822576
Year Built:
1921
19-bedroom, 3-unit investment property. Located next to Dalhousie University, this substantial building has not had a vacancy in over five years, predominately due to its unbeatable location and large bedroom and unit size. With full occupancy until September 2019, this structure operates more as a 19-unit apartment building rather than a triplex. With continuous, sizable returns, this one of a kind property covers the 3 main items an investor looks for: 1) Debt Reduction 2) Capital Appreciation 3) Positive Cash Flow. Well-maintained and upgraded over the years, the downstairs unit consists of 5 bedrooms with an upgraded kitchen and common space. The main floor unit consists of 8 very large bedrooms, 2 and ½ baths, a large common area, and an open-concept kitchen. High ceilings paired with crown molding and elegant features compliment this unit’s character. The 3rd unit has an additional 6 bedrooms and 2 baths with an upgraded living room and kitchen. Each unit has at least 2 baths and laundry. Additional revenue is earned through parking and storage rental. Do not miss out on this opportunity!
Coburg to Chestnut. Between Coburn and Payzant.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
32.2 x 51.5
Lot Details:
5300
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Year built:
1921 (Age: 97)
Age:
97
# Floors:
3
Exterior Finish:
Wood Shingles
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Hardwood, Linoleum, Tile
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace
Fuel:
Electric, Oil
Garage Description:
Heated storage/garage. Detached.
Parking:
Yes
Parking Description:
5 Spaces
Driveway:
Gravel, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
2148.00
Sewer:
Municipal
Num Units:
3
# Of Dishwashers:
3
# Of Dryers:
3
# Of Fridges:
7
# Of Stoves:
2
# Of Washers:
3
Rental Income:
140,460.00
Other Income:
4,200
Approx. Net Income:
102,763.28
Insurance Expense:
8511.96
Taxes Costs:
12,000.00
Other Costs:
7040.76
Maintenace:
975.0
Snow / Garbage Collection:
3588.00
Heating Bill:
5580.00
Electricity Bill:
2053.00
Approx. Total Expense:
41,896.72
HST:
Exempt from HST
Approx. Total Income:
144,660
Apt Conforming, Balcony, Cable, Dining Room, Family Room, Fireplace(s), Heat/Air Exchange, Laundry, Storage
7 fridges, 2 dishwasher, 3 washer, 3 dryers, 2 stoves, wall oven, stove top, 3 mounted TVs, 3 couches.
All tenants belongings.
Public Transit
Glass Cooktop, Stove, Dishwasher, Dryer - Electric, Washer/Dryer Combo, Refrigerator
None
Shed
No
Zoning:
R-2
Elementary School:
Lemarchant-St. Thomas Elementary
Middle School:
Halifax Central Junior High Scho
High School:
Citadel High School
Possession Info:
Negotiable
  • Photo 1: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Photo 1 of 22
  • Photo 2: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Photo 2 of 22
  • Photo 3: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Photo 3 of 22
  • Photo 4: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Floor Unit Entry
  • Photo 5: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Floor Unit Stairwell
  • Photo 6: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Floor Unit Bedroom
  • Photo 7: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Floor Unit Living Room
  • Photo 8: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Living and Dinning Room
  • Photo 9: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Unit Kitchen
  • Photo 10: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Second Floor Hallway
  • Photo 11: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Main Unit Four Piece Bathroom
  • Photo 12: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Second Floor Bedroom
  • Photo 13: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Second Floor Bedroom
  • Photo 14: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Upstairs Unit Entryway
  • Photo 15: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Upstairs Unit Bedroom
  • Photo 16: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Upstairs Unit Four Piece Bathr
  • Photo 17: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Upstairs Dinning and Kitchen
  • Photo 18: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Upstairs Unit Living Room
  • Photo 19: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Basement Unit Bathroom
  • Photo 20: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Basement Unit Dinning
  • Photo 21: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Basement Unit Kitchen
  • Photo 22: 1524/1526 Chestnut Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201822576
    Basement Unit Living Room
Larger map options:
Listed by Jeremy Snider and Matthew Dauphinee of Domus Realty Limited
Listing information last updated on September 12, 2018 at 05:21 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$990,900
Min list price:
$549,900
Max list price:
$2,199,000
Avg days on market:
87
Min days on market:
8
Max days on market:
538
These statistics are generated based on the current listing's property type and located in 2-Halifax South. Average values are derived using median calculations.
Sandra Chaisson FRI